Stifel raised the firm’s price target on Quanta Services (PWR) to $517 from $495 and keeps a Buy rating on the shares. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4, noting that its survey work found that overall activity improved sequentially and was ahead of expectations, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PWR:
- Quanta Services price target raised to $517 from $495 at Stifel
- Quanta Services price target raised to $540 from $526 at Citi
- Darden upgraded, Trade Desk downgraded: Wall Street’s top analyst calls
- Quanta Services initiated with an Overweight at Cantor Fitzgerald
- PJM proposes backstop process to support power grid reliability